- AllianceBlock will set up a decentralized capital market on Edgeware.
- This protocol gathers unprecedented tooling to the Wasm contract palette.
- AllianceBlock is placed to bridge traditional finance and DeFi.
AllianceBlock announced that it will set up a decentralized capital market on the Edgeware smart contract platform. This protocol gathers unprecedented tooling to Substrate-based Wasm contract palette. This includes Non-fungible Token (NFT) contract standards, DeFi and DAO primitives to their peer-to-peer market. Further making the collectives and individuals to fund and lend over the network.
It can also be said that AllianceBlock is placed to bridge traditional finance and DeFi via worldwide compliant platforms and tools. However, interoperating with the recent digital organization. And also in governance and their team’s background over both financial paradigms.
Edgeware’s vision of developing a community-owned, decentralized platform with an aim on on-chain governance is perfectly in line with their own.
AllianceBlock CEO Rachid Ajaja said,
We are seeking to build a new financial infrastructure that takes advantage of innovative technology, and Edgeware’s community treasury, facilities for DAOs, and bridging of digital and physical entities are important parts of linking DeFi with traditional finance.
Moreover, he says that they are excited to be integrating their products into Edgeware, and look forward to partnering more moving forward.
More so, Edgeware is presently the oldest and few of the mainnet Polkadot ecosystem smart contract platforms. However, enabling teams like AllianceBlock to completely deploy and test on a variety of development and mainnet Substrate chains.
Moreover, the value alignment and technical foundation, including the opportunity to model best practices off the chain’s own governance, has made deployment on Edgeware a fast and effective launch. Added to this, there is an expected launch AMA in the Edgeware and AllianceBlock community forums in the next few weeks.
Even more,AllianceBlock is developing a protocol that will bridge Decentralized Finance (DeFi) and traditional finance (TradFi) to bring the benefits of both areas to one another and develop the first decentralized capital market.
The AllianceBlock Protocol is created to see how traditional finance will be developed today with present technology. More so, it includes new technologies such as DeFi in a TradFi friendly manner, ultimately allowing us to make services required by both spaces.
Long term, the decentralized blockchain-agnostic Layer 2 AllianceBlock Protocol will offer a secure and regulatory compliant gateway for billions of dollars present in TradFi to flow towards DeFi and make DeFi platforms and protocols to be utilized by a much greater audience. This will unlock DeFi for the world.
All in all, Edgeware is a community-owned, self-sustainable, fairly distributed, blockchain ecosystem built on Substrate with on-chain governance and a collectively managed treasury, allowing users to fund the chain’s development and teams to develop the projects.
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